Did You Know...

All this time I thought that maybe ONE was an acronym or something, but it looks like the Bono’s organization is so named because just one percent of the money raised makes it to its promoted destination:

Bono’s anti-poverty foundation ONE is under pressure to explain its lavish salaries after it was revealed that only a small percentage of money it raises reaches the needy.

The non-profit organisation set up by the U2 frontman received almost £9.6m in donations in 2008 but handed out only £118,000 to good causes (1.2 per cent).

The figures published by the New York Post also show that £5.1m went towards paying salaries.

So ONE (percent)™ paid out around $8 million (US) to employees to monitor the disbursement of about $185,000? How did these guys not end up in charge of the stimulus?